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International Technology Transfer to India: This is an Impedimenta and Impetuous
Technology transfers are an important means in which developing countries get access to new technologies for them. Most technology transfers have between developed countries and develop through the transfer of commercial technology by the private sector. It includes transfers through direct foreign investment, foreign licenses, turnkey projects, technical consultations, acquisition of capital goods, international subcontracting and joint ventures. By opening the Indian economy (LPG-1991 policy), several Indian companies are ready for various types of financial, technical and other collaboration. Even though they entered with the right technology transfer agreement, some did not succeed with different reasons. The Government of the Indian Scientific and Industrial Ministry of Industry plays an important role through its technology transfer policy in the transfer of technology into and outside to Indian companies through automated routes and several through the Project Approval Agency (PAB). The state’s ability to use technology transfers to develop their domestic abilities to reap social and economic benefits has been very diverse. This paper explores the Vital issues with regards to technology transfer in addition to the scope of technology transfer Litigation as well as promotion and technology transfer norms and regulations in India.
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